He’s a wise-cracking country crooner who caught the heart of a ’90s pop icon.
Together, Blake Shelton and Gwen Stefani make up a beloved power couple that we just can’t get enough of. They may have seemed like an odd pair at first but there was NO DOUBT that their love was real.
How did this unlikely duo find each other? The two developed a friendship while working together at The Voice and bonded over their respective divorces in 2015. Their romance culminated in 2021 with a beautiful wedding held at their ranch home in Oklahoma.
With massive acreage, the property was the perfect location for their intimate ceremony. According to reports, the two tied the knot in a small chapel Blake built for Gwen. This was also the place where the proposal happened.
Are you swooning yet? If not, you will, as the tale of Blake Shelton’s houses is one of love and devotion, and we’re 100% here for it.
Blake Shelton And Gwen Stefani got married at their Oklahoma ranch
The couple opted to do an intimate wedding in a simple chapel just a mile away from their mansion.
Gwen said “I do” in a stunning Vera Wang gown, while Blake wore a black tuxedo jacket paired with classic blue jeans.
Their home (and the chapel) sits on Shelton’s massive 1,400-acre estate, known as Ten Point Ranch.
Blake built a chapel on the grounds of his Oklahoma ranch. He did it himself with help. It’s really a tribute to their love.”
a source shared with Us Weekly.
They built a lakefront mansion on the Tishomingo estate, which is just a stone’s throw away from Shelton’s hometown of Ada. The singer also owns a bar, restaurant, and merchandise store in the area.
Measuring approximately 2,000 square feet, the gorgeous mansion on the ranch boasts a long driveway lined with rows of trees on each side.
The drive leads up to the abode, which features a large, wrap-around porch, dormer windows, and a landscaped front garden.
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There is also a semi-detached smaller stone house by the side, which could be a garage or a guesthouse. At the back, there is a large pool, covered patio areas, and a terraced garden.
They also own a 13,000 sq. ft. home in Los Angeles
While their Oklahoma ranch played a significant part in their love story, Gwen Stefani and Blake Shelton live in Encino, Los Angeles, where they own a 13,000-square-foot home in the hills.
The mansion, which was purchased in 2020 for $13.2 million, is the first home Gwen Stefani and Blake Shelton officially bought together — and now serves as their primary residence.
Located in a secluded hillside, the 13,000-square-foot home has three stories, multiple spacious bedrooms, and a four-car garage, offering plenty of space for the couple and the kids — Gwen has three children from her marriage to Bush frontman Gavin Rossdale.
With a multi-million price tag comes a bevy of lavish amenities, including a state-of-the-art Atmos private theater, an oversized pool with its own spa area, a wet bar, an outdoor kitchen, a large cabana, and vast outdoor grounds for entertaining guests and enjoying family time.
While the couple has kept their residences private, Gwen has been giving glimpses of her home life on her social media accounts.
Followers on TikTok were psyched to see the couple’s bedroom decked out in snakeskin print and decorated with a multi-color tribal-style four-poster bed. The Hollaback Girl singer has also been sharing several kitchen adventures on her account.
Blake built a Hawaiian-style lake house for Gwen and her family
Before they tied the knot, Blake already had several impressive homes in his real estate roster.
From modest houses in rural areas to huge mansions, the singer has made an effort to spend his millions wisely. Throughout the years of upgrading to bigger spaces, Blake has made it pretty clear that he will always be a country boy at heart.
But he’ll do anything to make his girl happy!
Before their Encino mansion purchase, Blake also had a resort-style home built for Gwen in a quaint town by Lake Texoma.
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The Hawaiian-themed home features an all-white exterior with blue doors and shutters. To complete the tropical feel, there are three tiki huts and a tiki bar by the pool area. Situated right by the water, there are stunning views of the lake from almost every room in the house.
The relaxing vibe of the resort home has been appreciated well by Gwen’s whole family, who have been used to living in the city.
In an interview with ET, Blake expressed his happiness over introducing country living to Gwen’s kids and family.
“They love it so much, her entire family. And when I say her family, I mean all of them. We have so much fun,” he said. “I don’t think you should be able to have that much fun. It’s probably not legal in California.”
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As high interest rates and housing prices weigh down potential home buyers, the Neighborhood Homes Investment Act could be on the way to help.
The proposed federal initiative would enable better affordability for home buyers by injecting $16 billion for adding more housing stock to the market and $10.1 billion for down payment assistance.
While it still needs to pass all three branches of government, it’s helpful to understand the legislation if it gets signed into law. Here’s what you need to know.
Check your home buying eligibility. Start here
What is the Neighborhood Homes Investment Act?
Introduced in 2023, the Neighborhood Homes Investment Act (NHIA) is a bipartisan bill aiming to boost housing affordability through increased development and down payment assistance.
As it currently stands, it would devote $16 billion toward the building and rehabilitation of an estimated 400,000 homes, according to a White House statement. The proposal would also allocate $10 billion in down payment assistance and a $100 million pilot program to supplement opportunities for first-generation and/or low wealth first-time homebuyers.
Verify your home buying eligibility. Start here
“Everyone deserves a safe and affordable place to call home. Our bipartisan tax credit will drive housing investments and revitalize neighborhoods … while keeping them affordable for low- and moderate-income families,” Senator Ben Cardin (D-Md.) said in a press release. “This credit will allow individuals in these communities to build equity and wealth for their families.”
The ongoing dearth of available for-sale properties has held back the entire housing market. Coupled with the rapid mortgage rate growth from 2023, fewer borrowers can afford homeownership and fewer homeowners want to sell.
“The number of homes that are available for sale is the lowest or close to the lowest it’s ever been,” said Mortgage Bankers Association Deputy Chief Economist Joel Kan. “A lot of that has been driven by the lock-in effect — many borrowers have lower mortgage rates than what’s being offered right now, so they’re just not willing to sell or list their homes.”
Has the Biden Neighborhood Homes Investment Act been passed?
As of November 2023, the Biden Neighborhood Homes Investment Act has not been passed, so the funding is not yet available.
Congress still needs to approve the proposed legislation before the President signs it into law. There is no set timeline for the act to pass. It is possible that it could be passed in the near future, but it is also possible that it could be delayed or even defeated in the process.
Other policies in the legislative pipeline
Even more federal help for borrowers could potentially be on the way as well. Similar to the NHIA, two other notable bills intended to help home buyers hang in bureaucratic limbo.
The First-Time Home Buyer Tax Credit would provide up to $15,000 in refundable tax credit to first-time borrowers. As long as the house isn’t sold within four years, the credit won’t need to be repaid. The second is the Downpayment Toward Equity Act. If signed into law, this would give eligible first-time home buyers a $25,000 cash grant to put toward their purchase.
Help for first-time home buyers
Buying property is a major milestone and often the largest financial decision people make.
Check your home buying options. Start here
While these proposed bills could potentially alleviate some affordability issues, plenty of helpful solutions already exist if you’re in the market to buy your first home. These come in the form of state assistance programs and special mortgages.
First-time home buyer mortgages
First-time home buyer loans are specifically designed with more favorable terms for the borrower, aimed to make homeownership more attainable.
Below is a quick rundown of these loans and their base qualifications:
Program
Minimum Credit Score
Down Payment Requirement
Other Requirements
FHA Loans
580 (with 3.5% down)
3.5%-10%
Mortgage insurance is required. Property must meet certain standards
Conventional 97
620
3%
At least one borrower must be a first-time home buyer. Private Mortgage Insurance may be required
Home Possible
660
3%
Income limits apply. Homeownership education required
HomeReady
620
3%
Income limits apply. Homeownership education required
USDA Loans
640
0%
Must be in a USDA-eligible rural area. Income limits apply
VA Loans
Varies by lender
0%
Available to veterans, active-duty service members, and certain members of the National Guard or Reserves
Broken down on a more local level, every state offers its own first-time home buyer program. These programs are customized to their markets, fitting the needs of the buyers within them.
Verify your low-down-payment loan options. Start here
Down payment assistance programs
Additionally, down payment assistance (DPA) can provide a big hand in clearing the financial hurdles to homeownership. The best part is you don’t necessarily need to be a first-time buyer to qualify for some DPA programs.
Every state has its own DPA to potentially take advantage of, found through local housing agencies, lenders, and city and state websites.
Explore your options
The housing market would get a much needed inventory boost if the Neighborhood Homes Investment Act gets passed. It would also inject more capital into down payment assistance programs for first-time home buyers.
In the meantime, those looking to buy their first home can and should still explore their loan options and see what financial assistance they may qualify for. Following a step-by-step guide for first-time home buying can also help you set expectations and get everything you need in order.
If you’re ready to begin your path to homeownership, contact a local lender today.
Time to make a move? Let us find the right mortgage for you
Oregon, located on the Pacific coast, is a state that offers a variety of lifestyles. From bustling cities to quiet, scenic rural areas, this state has something for everyone. However, Oregon’s rents can be quite disparate, with some areas being quite affordable and others much less so. For renters seeking economical living options, our research indicates that five cities in Oregon stand out for their affordability. These cities are La Grande, Klamath Falls, Dallas, Forest Grove, and Lebanon. Each of these locations offers a unique set of attractions and advantages for residents beyond just affordable rent.
La Grande, OR
With a population of 13,380, La Grande is a small city that provides a friendly, close-knit community atmosphere. The median income here is $45,573 and the median home value is $183,600. The average asking rent for a 2-bedroom apartment is quite affordable at $945. One of the main attractions of La Grande is its beautiful location in the Blue Mountains, providing abundant opportunities for outdoor activities. It’s situated along I-84, offering easy access to other parts of the state and beyond. The city also boasts a historic downtown with a variety of shops and restaurants.
Klamath Falls, OR
Klamath Falls is a charming city with a population of 21,509, and it offers residents the best of both city and country living. The median income in the city is $40,783, with a median home value of $180,900. The rent for a 2-bedroom apartment is only $1,100 on average. The city offers multiple recreational activities given its location near Klamath Lake and Crater Lake National Park. The downtown area is a hub for local businesses, events, and the Oregon Institute of Technology.
Dallas, OR
Dallas, home to 16,612 residents, is an affordable city that scores high on livability. With a median income of $58,398 and a median home value of $253,400, the city offers economic advantages. The average asking rent for a 2-bedroom apartment is $1,360. Located in the heart of Willamette Valley, Dallas residents enjoy a variety of outdoor activities while being only a short drive from Salem, the state capital. The city features a historic courthouse, an aquatic center, and the beautiful Central Bark Dog Park.
Forest Grove, OR
Forest Grove, with a population of 24,847, is a city that combines affordability with a range of amenities. It has a median income of $69,513 and a median home value of $346,400. The rent for a 2-bedroom apartment is an average of $1,340. Forest Grove is home to Pacific University and offers a rich, educational atmosphere. It is located near the Tualatin Valley, which is known for its wineries. Residents also enjoy the city’s numerous parks and its proximity to Portland.
Lebanon, OR
Lebanon, a city of 17,144 residents, offers a cost-effective and comfortable lifestyle. It has a median income of $45,215 and a median home value of $193,200. Despite the affordable 2-bedroom apartment rent of $1,505, Lebanon offers many attractions. The city has an abundance of parks and outdoor recreational facilities, including Waterloo County Park. Additionally, it’s located along Highway 20, allowing for easy navigation to and from the city. The city is also home to Western University of Health Sciences, contributing to a vibrant and intellectual community.
Methodology
The cheapest cities in each state were ranked based on its median home price and median asking rents for studio, one-, two-, and three-bedroom units. Prior to ranking, inputs were normalized, and weights were applied using a 1.25:1 ratio of asking rents to home prices. Data on home prices are from the U.S. Census 2016-2020 American Community Survey 5-year estimates. Data on asking rents are from Rent. Cities without data for one- or two-bedroom asking rents or a population of less than 10,000 were removed from this ranking. Any other missing values were zeroed and did not impact the final score.
To the native Wintu people it was Bohem Puyuik, the “Big Rise,” and no wonder. Mt. Shasta towered above everything else, her loins delivering the natural springs and snowmelt that birthed a great river.
The Sacramento River provided such an abundance of food that the Wintu and many neighboring tribes — the Pit River, Yana, Nomlaki and others — had little to fight over. They thrived in pre-colonial times, on waters that ran silver with salmon, forests thick with game and oaks heavy with acorns.
But centuries of disease, virtual enslavement and murder wrought by European and American invaders scrambled the harmony that once reigned along the Upper Sacramento River.
Today, three tribes here are locked in a bloodless war. At issue is a proposal by one Indigenous group to expand and relocate its casino and whether the flashy new gambling hall, hotel and entertainment center would honor — or desecrate — the past.
The casino envisioned by the Redding Rancheria and its 422 members would rise nine stories on 232 acresalong Interstate 5. The rancheria — home to descendants from three historic tribes — began planning the development nearly two decades ago, envisioning a regional magnet for tourists and gamblers.
But the proposal has been buffeted by influential opponents, including the city of Redding, neighborhood groups and the billionaire next door — who happens to be the largest private landowner in America. The naysayers list a cavalcade of complaints against the new Win-River casino complex, saying it would despoil prime farmland, exacerbate traffic, increase police and fire protection costs and threaten native fish in the Sacramento River.
Those complaints have helped stall, but not kill, the project, whose fate rests almost solely in the hands of the Bureau of Indian Affairs in Washington, D.C. And now the BIA’s obscure bureaucrats have been confronted with an explosive new charge from two neighboring tribes: that construction of the casino would desecrate what the tribes say should be hallowed ground — the site of an 1846 rampage by the U.S. Cavalry that historians say probably killed hundreds of Native people.
The Sacramento River massacre has not received the attention of other atrocities of America’s westward expansion, such as the one in 1890 at Wounded Knee, S.D., where U.S. troops killed as many as 300 Lakota people. Estimates of the carnage, recorded over the decades from witness accounts and oral tradition, range from 150 to 1,000 men, women and children slaughtered along the banks of the Sacramento River.
If the higher estimates of the death toll are correct, it would rank as one of the largest single mass killings of Indigenous people in American history.
“In my heart, I find it hard to believe that there are Wintu people that are willing to build a casino on … the blood-soaked dirt of the massacre site,” Gary Rickard, chair of the Wintu Tribe of Northern California, told a state Assembly committee in August. “There are dozens of other places along the I-5 corridor and the Sacramento River.”
Redding Rancheria Chair Jack Potter Jr., himself part Wintu, called the claim that his tribe would build its casino on the massacre grounds “a slander that will not be easily forgotten.” He told state lawmakers that the real massacre site is miles away. Rancheria leaders said their opponents have manufactured the controversy for a less honorable reason: to block what would be a sparkling new competitor.
“Gaming in Indian country can be a tide that raises all of our canoes,” insisted Potter, who appeared at times to fight back tears as he spoke at the Sacramento hearing. “We should not battle against one another, in that spirit.”
Column One
A showcase for compelling storytelling from the Los Angeles Times.
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Friendships that go back decades and tribal ties of a century or more have been imperiled by the casino furor. Native people normally aligned against a hostile or indifferent U.S. government — “We’re all the children of genocide,” as one elder put it — have watched sadly as their conflicts turn inward.
It’s a dynamic that has played out before. Robbed of their ancestral lands, tribes now sometimes fight when one tries to claim new territory, often as a base for a lucrative modern endeavor: gambling.
The friction is exacerbated by the peculiar history of the Redding Rancheria — and by opponents’ eleventh-hour invocation of the Sacramento River massacre, 19 years after the rancheria began to assemble parcels for the project.
The Redding Rancheria refers to a nearly 31-acre stretch of land near the south end of Redding that the federal government bought in 1922 for “homeless Indians” who came to the area as seasonal workers for ranches and orchards. The rancheria sits in a relatively obscure location compared with the interstate-adjacent site of the proposed casino, more than three miles by car to the northeast.
In 1939, the Wintu, Pit River, Yana and other Indigenous peoples formed a rancheria government. It was recognized by the United States. But in 1958, an act of Congress “terminated” recognition of multiple California groups, including the Redding Rancheria, in an attempt to force Indians to disperse into the general population. It took a landmark 1983 court settlement to formally restore recognition of 17 rancherias, including the one in Redding.
The result is that there are Redding Rancheria members with Wintu blood, like Potter, 52, who firmly support the casino, while other Wintu descendants who are not descended from the original rancheria families, like Rickard, 78, adamantly oppose it. Rickard grew up with Jack Potter Sr. and has known his son since he was a boy.
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Cordiality prevails, at least outwardly, when Rickard and Potter meet today. But the bad blood between their groups has become fierce, exacerbated by the yawning wealth disparity between the rancheria and the Northern Wintu.
Rancheria members have thrived largely because of the success of their existing Win-River Resort & Casino, which operates 550 slot machines, a dozen table games, an 84-room hotel and an RV park.
The complex is the biggest income producer for the rancheria, which also owns a Hilton Garden Inn and a marijuana dispensary in Shasta County. Sources familiar with the tribe said each enrolled member receives a monthly “per capita” payment of at least $4,000 and perhaps as high as $6,000.
The rancheria’s chief executive, Pitt River descendant Tracy Edwards, 54, declined to discuss the amount of the payments.
That income, along with health clinics and other benefits, makes the Redding Rancheria members the envy of Indigenous groups with comparatively paltry assets. Rickard’s Northern Wintu claims roughly 560 certified members, but like many groups across America, the tribe has been laboring for years and still has not received formal recognition from the U.S. government. That means the tribe can’t put land into trust, a prerequisite to casino development and also a shield against federal, state and local taxes.
“We don’t have the resources in order to obtain the things we need,” said Shawna Garcia, the Northern Wintu’s cultural resources administrator. “We don’t have the revenue to assist our members with things like college, housing and other assistance.”
Historians and ethnographers say the Wintu were the predominant tribe around the site proposed for the casino complex, an expanse of meadow and scrubland that locals dub the Strawberry Fields because of its agricultural history. And Rickard questioned why the “pure-blood Wintu people” he represents have been left to struggle, while the rancheria — representing an amalgamation of tribal groups — stands poised to create an even bigger cash cow with its new casino.
Rancheria leaders like Edwards, a UC Davis-trained lawyer, have emphasized how the tribal group has supported Native and non-Native people, both as one of the largest employers in Shasta County and through its charitable foundation.
In just one year, 2018, the rancheria said it gave more than $1.2 million to community organizations, helping serve the homeless and victims of the Carr fire. During the early phase of the COVID-19 pandemic, the rancheria donated $5,000 each to 60 businesses struggling to stay afloat.
At a cost of $150 million, the rancheria’s new casino would feature 1,200 slot machines — more than double the number at its current casino — and with 250 rooms, the new casino hotel would be more than triple the size of the existing hotel. The tribal group has pledged to close its current Win-River casino when the new one opens.
The rancheria’s outsized community presence has created substantial goodwill around Redding, but a portion of residents have stepped forward — via petitions and ballot measures — to express disdain for large developments they feel could harm the rural character of their community.
Among the more powerful opponents is Archie Aldis “Red” Emmerson, president of logging giant Sierra Pacific Industries, whose sprawling estate looms along the Sacramento River, just south of the casino site.
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In 2020, an Emmerson-allied company purchased property from the city of Redding that included a portion of a road that would be the north entry to the casino site and created an easement that would have barred access to the rancheria land for all but agricultural purposes. The easement effectively would have thwarted the casino by blocking vehicle access to the development.
But in 2022, a Shasta County Superior Court judge voided the deal, saying that in selling the land (for just $3,000 to the billionaire) the city had violated its “own processes, procedures and the relevant law.” The ruling nullified the easement, preserving the rancheria’s unrestricted access to the property.
The Redding City Council and neighboring homeowners have maintained their opposition to the project for years, while a new conservative majority on the Shasta County Board of Supervisors recently reversed the county’s earlier objections. The supervisors supported the casino, despite admonitions from the sheriff, fire chief and county counsel that the agreement with the rancheria did not provide sufficient compensation to cover the increased costs of serving the big development.
The rancheria agreed to make one-time payments totaling $3.6 million to support Shasta County, the Sheriff’s Department and fire and emergency services. That initial infusion would be supplemented by recurring payments: $1,000 for each police service call and $10,000 for each fire/emergency service call.
No issue has unsettled intra-tribal relations, though, like the debate flowing out of the terrible events along the Sacramento River 177 years ago.
Oral histories of the Wintu and neighboring tribes recall how Native families and elders had gathered along the river known as the Big Water each year in early April for the spring salmon run. Traditionally, the season signaled rebirth.
But Capt. John C. Fremont had other ideas.
Fremont diverted his men from their ordered assignment: completing land surveys in the Rocky Mountains. The Americans instead went adventuring to California, where, in the spring of 1846, they responded to sketchy claims from settlers that they were endangered.
About 70 buckskin-clad white men set upon the Native people, the locals far outgunned by the invaders, each toting a Hawken rifle, two pistols and a butcher knife, according to UCLA historian Benjamin Madley‘s detailed account of the massacre.
The horsemen completed their grisly work with such evident pride that legendary frontiersman Kit Carson later bragged that the coordinated assault had been “a perfect butchery.”
The massacre marked the beginning of “a transitional period between the Hispanic tradition of assimilating and exploiting Indigenous peoples and the Anglo-American pattern of killing or removing them,” according to Madley’s “An American Genocide: The United States and the California Indian Catastrophe.”
Fremont (later a U.S. senator from California and a Republican presidential candidate) would say that his party attacked the natives because of reports of an “imminent attack” upon settlers. But the “battle” was one-sided, with the federal troops suffering no known casualties. Afterward, according to Madley’s account, Fremont’s men feasted on the Native people’s larder of fresh salmon.
In the nearly two centuries since, the tragedy would be more forgotten than remembered. There is no historical marker around Redding noting the event.
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The Wintu people believed to have been the principal victims have preserved memories of the mass killing in their oral history. But no ceremony marks the atrocity. And at the Wintu cultural resource center in Shasta Lake City, a wall-size timeline of the group’s history makes no mention of the 1846 bloodshed.
There’s also the now-pressing question — pushed to the fore by the casino feud — about precisely where the massacre occurred. The Northern Wintu and another outspoken opponent, the Paskenta Band of Nomlaki Indians, insist that the Strawberry Fields property was a key location in the atrocity.
The Paskenta commissioned a study by a retired anthropologist from Cal State Sacramento that drew on research from the late 1800s by a linguist from the Smithsonian Institution who, in turn, got much of his information from a Wintu elder who survived the massacre. The report, by Dorothea Theodoratus and a colleague, said that the “center” of the massacre was “opposite the mouth of Clear Creek” in the Sacramento River, a point roughly two miles south of the proposed casino location.
But other accounts from participants and witnesses said Fremont’s soldiers chased down victims after the initial assault, leaving the exact range of the bloodshed unknown. The Theodoratus report says that six villages, including two on the proposed casino property, were so thoroughly intermingled that all “would have had some direct involvement with that massacre.”
Andrew Alejandre, chair of the Paskenta Band, told the Assembly Governmental Organization Committee in August that his tribe is seeking to have the state and federal governments designate the Strawberry Fields a sacred site, off-limits to development. Alejandre, 35, said his tribe vehemently opposes building a casino “on top of men, women, children and elders. The spirit of these ancestors … Let them rest!”
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In rebuttal, Potter and rancheria CEO Edwards note that during the many years that they and others have pursued developments in the region, the rival tribes never mentioned the massacre. Divisive fights over a proposed auto mall and a sports complex (both scrapped) came and went without any discussion about desecration of a mass grave site.
“I would never disrespect the remains of my ancestors,” Potter said.
Fifty miles south of Redding in rural Corning, the 288-member Paskenta Band opened the Rolling Hills Casino and Resort two decades ago. The luxe gaming hall is just one part of an economic surge by the tribe, which has also opened an equestrian complex, an 18–hole golf course, a 1,400-acre gun and hunting center and a 3,000-person amphitheater, where Snoop Dogg performed in May.
Potter charged that the fight over the historic massacre is really a ploy by the flourishing Paskenta to squelch the Redding Rancheria’s hopes for a shimmering destination casino “because of the mistaken belief that it … will cut into the profits of their gaming facilities.”
Paskenta’s Alejandre, a designer who once ran a clothing company, denied that is the case.
While representatives for the Paskenta and Northern Wintu tribes bashed the casino proposal at the August hearing, representatives of at least eightother California tribes argued in support of the Redding Rancheria. One said the Redding group had proved itself a good steward of cultural resources.
Another speaker at the hearing was Miranda Edwards, the 28-year-old daughter of the rancheria CEO. The Stanford-educated Edwards and her mother spoke about the importance of moving the tribal group forward for the “Seventh Generation,” future descendants whose livelihoods must be planned for today.
“We work hard every day to provide for this rural community and make it the best that we can for everyone that lives there,” Miranda Edwards told legislators. “It’s disheartening to hear from those that choose not to see that. But it will not stop our work.”
Potter, the rancheria’s chairman, had a sardonic take on the dispute.
“We always talk about crabs in a pot,” Potter said. “We are like all these crabs, stuck in a pot. When one tries to get out of the pot, all the others reach up and pull him back in.”
Will arguments about the Sacramento River massacre sway the final outcome of the Redding Rancheria’s casino quest? A BIA spokesman said only that “these issues are under review.” Nearly two centuries after representatives of the U.S. military decimated a civilization here, the federal government still retains ultimate authority over the fate of Native people.
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Renting a house or apartment comes with several perks, like minimal commitment to live in one place. After a certain point, however, most people want to put down roots and purchase their own home.
Owning your own home is the American Dream. Plus, you won’t have a landlord breathing down your neck about what you can and can’t do. But what kind of credit score is needed to buy a house?
We’ve got the answers, plus some extra tips on how to seal the deal, no matter what kind of credit score you have.
How does your credit score affect buying a home?
Your credit score influences your ability to buy a home as a major factor in whether you’re approved for a mortgage. That’s because your credit score is a reflection of how likely you may be to default on your loan.
Weighing all the items on your credit reports, such as payment history and amounts owed, a complex calculation then creates your FICO score. FICO scores are the credit scores that 90% of lenders use. They give mortgage lenders a better idea of how you handle your finances.
Even after you’re approved for a loan, your FICO score also affects the interest rate on your mortgage. Why is that a big deal? Well, depending on how expensive your loan is, you’ll likely end up paying tens of thousands of dollars (if not more) in interest. That’s on top of your principal loan amount.
An interest rate of even just ¼ percent less can save you a lot of money over the course of a 30-year loan. So, it’s clear that your credit history is an important factor not just for getting approved, but also for getting the best interest rates to lower your monthly payments.
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Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
What credit score do you need to buy a house?
The minimum credit score needed to buy a house can vary based on the economy and the housing market. However, there are some basic guidelines you can go by to determine how likely you are to be approved for a home loan. First, the minimum credit score depends on the type of mortgage you’re getting.
Conventional Loans
For conventional loans, which come with the strictest lending standards, the credit score needed to buy a house is 620. With a conventional loan, the minimum down payment is 5%, but could also increase based on your credit scores.
FHA Loans
FHA loans are insured by the Federal Housing Administration. For an FHA loan, the minimum credit score requirement is just 580 with a down payment of 3.5%. It’s possible to qualify for an FHA loan with a FICO score as low as 500, but you’ll need a 10% down payment.
Different mortgage lenders have different credit score requirements depending on how much risk they’re willing to take on a loan. Furthermore, you may be required to pay private mortgage insurance for the life of the loan, depending on the size of your down payment.
VA Loans
For VA loans, the U.S. Department of Veterans Affairs has no minimum credit score requirements. However, most VA loan lenders require a minimum credit score of 620. However, some will allow a credit score as low as 580.
USDA Loans
For qualified buyers purchasing a home in designated rural areas, there is no set minimum credit score from the USDA. However, a credit score of at least 640 is recommended.
What factors determine your credit score?
It’s crucial to know what factors affect credit scores so you can plan the most effective way to build or protect your credit.
Payment history: This is perhaps the most important factor, as it accounts for 35% of your overall credit score. Payment history includes whether you have paid your bills on time in the past and any negative marks, such as late payments, collections, or bankruptcies.
Credit utilization: This accounts for 30% of your credit score and refers to how much of your available credit you are using. A high credit utilization ratio could hurt your credit score, while a low one can help.
Length of credit history: This factor accounts for 15% of your credit score and is a measure of how long you have been using credit. Generally, the longer your credit history, the better your credit score will be.
Credit mix: This factor accounts for 10% of your credit score and refers to the types of credit you are using. A good credit mix includes a variety of different types of credit, such as credit cards, student loans, mortgages, etc.
New credit: This factor accounts for the remaining 10% of your credit score and refers to how often you are applying for new credit. Applying for too much new credit in a short period of time can hurt your credit score.
See also: Does Buying a House Hurt Your Credit?
Average Credit Score
The average credit score for buying a home is 680-739. However, those who have a “good” credit score of 740 and higher will be offered the best mortgage rates.
It’s important to check your credit score to know where you stand. However, your credit score alone doesn’t determine whether you’ll be approved. Mortgage lenders also look at your employment history, how much debt you have, and your down payment amount.
For example, buyers with higher credit scores could be eligible to put down as little as 3.5% of the mortgage loan amount with an FHA loan.
However, those with a lower credit score, may be required to pay as much as 10% since mortgage lenders consider them to be more at-risk for defaulting on the loan.
See also: Which Credit Scores Do Mortgage Lenders Use?
More Options for First-Time Homebuyers & Low-Income Borrowers
You can also explore newer mortgage programs available for homebuyers with low to moderate-income. The Freddie Mac Home Possible mortgage, for example, allows you to purchase a home with a down payment of just 3%. Fannie Mae also offers a 3% down payment option with the HomeReady loan, as long as you have a credit score of at least 620.
What else do you need to get approved?
In addition to your credit scores, your mortgage lender looks at a few other factors to approve your home loan. They’ll review your employment situation to make sure you have a steady income to make your monthly mortgage payments.
You’ll most likely need to submit pay stubs, bank statements, W-2s, and sometimes even a verification of employment form. If you’re serious about purchasing a home, start setting these documents aside in a safe place so you have them ready to give to your lender when the time comes.
Not only does the lender look at your debt-to-income ratio and other financials, but they’ll also check out the actual home you’re purchasing. Some types of home loans require the house to be in a certain condition, which can take rehabilitation projects off the table.
Before making an offer, check with your lender on what types of properties you can consider. That allows you to avoid making an offer you can’t follow through on. The property’s appraisal also needs to come in at or above the amount of the loan because a lender cannot loan more than the appraisal value.
Can you get a mortgage with bad credit?
You can still get a mortgage even if you have bad credit, although you’re likely to pay a much higher interest rate to compensate for the increased risk to the lender.
Government-backed loans, like FHA loans, specifically cater to borrowers with lower credit scores. But even if you’re not certain that you’ll qualify, it’s worth offering some extra security to your lender.
For example, you might give a larger down payment or set aside extra cash reserves to show the lender you have the money to repay the mortgage loan. Or you might give proof that you’ve consistently paid your rent on time for an extended period.
Check Out Our Top Picks for 2023:
Best Mortgage Loans for Bad Credit
You could also try writing a letter to explain your credit situation. This can be done, especially if it’s due to an extenuating circumstance like emergency medical bills. Be upfront in asking your lender what you can do to qualify for a loan, even if you might not meet the usual underwriting standards right away.
If you’ve had a bankruptcy or foreclosure in your past, there are a few rules that you simply can’t get around. The exact specifics depend on your loan type.
However, in general, you have to wait for a predetermined “seasoning period” after the bankruptcy or foreclosure has been discharged before you can get approved for a home loan.
For bankruptcies, the seasoning period is typically between two and four years. For foreclosures, you’ll need to wait between three and seven years.
Can a cosigner help you qualify for a mortgage?
Home buyers with a low credit score may want to consider getting a cosigner to help with their mortgage application.
If you can get someone who has a good credit score (such as a family member) to sign the loan with you, it will strengthen your loan application. Just remember that your cosigner is equally accountable as you are for repaying the loan.
If you fail to make loan payments and your account goes into delinquency or even foreclosure, it will affect the cosigner’s credit.
If you decide to take on a cosigner to get approved, make sure that person understands the responsibility and risk that goes into the decision. It obviously takes a close relationship for this kind of situation to work out, so make sure you choose your cosigner wisely.
What if you don’t have any credit at all?
Building credit from scratch is challenging, but it can be done. Adding a cosigner to the mortgage loan application works for people with no credit as well as for those with poor credit. Another option is to start using a credit card responsibly.
Start with a secured card and make your monthly payment in full each month to build credit. Or ask a close relative if you can be added as an authorized user on one of their credit cards.
You can agree not to spend anything (or make quick payments if you do). This simple step will add that credit card’s entire length of use to your credit report.
You can also show your lender that you’ve regularly paid other bills on time, like your cell phone, utilities, or rent. Another method is to make a bigger down payment to compensate for your lack of credit. Talk to your lender to see what else you can provide to make the loan work.
How can you improve your credit to qualify for a mortgage?
There are several ways you can improve your credit score; just realize that it won’t happen overnight.
Order Copies of Your Credit Report
Get started by ordering copies of your credit report. This way, you can get an idea of everything a lender would see when reviewing your loan application.
First, check to make sure that all the information is 100% accurate. From there, look at where there are weaknesses on your report. Is the amount of debt you owe really high?
Lower Your Credit Utilization
Attempt to re-work your budget to pay off your credit card balances and other debt. This will lower your credit utilization ratio and ultimately increase your credit score.
Is your available line of credit minimal? Ask an existing creditor to extend your maximum amount on one of your current credit cards. This will also lower your credit utilization.
Get Negative Items Removed From Your Credit Report
If you have numerous negative marks on your report and feel overwhelmed, you might consider hiring a credit repair company.
Take a look at our list of top ranked credit repair companies in your area to find a reputable one to work with. They’ll take the lead in disputing negative accounts with the credit bureaus and getting them removed from your credit history. Once that happens, you’ll automatically see your credit score increase.
Even if you don’t have the bare minimum credit score to qualify for a mortgage, there are many ways to buy a house. From getting the right loan to improving your credit score, you’ll be able to quickly put yourself on the path to homeownership.
Pennsylvania, the Keystone State, offers a range of diverse living experiences from bustling urban centers like Philadelphia and Pittsburgh to serene rural boroughs. Amidst this diversity, cost of living is a key factor for many looking to relocate within the state. For renters, some cities in Pennsylvania stand out as particularly economical options. Our analysis identified five cities – Johnstown, Indiana, Pottsville, McKeesport, and Butler – as the most affordable places to live for renters. Each of these cities offers the charm and amenities of Pennsylvania living, while being friendly on the pocket too.
Johnstown, PA
Johnstown, home to close to 20,000 residents, shines as one of the most affordable cities in Pennsylvania. With a median income of $29,171 and a median rent for a two-bedroom apartment at just $685, Johnstown is a great option for renters. Despite the modest cost of living, the city doesn’t lack for attractions. It’s home to the Johnstown Flood National Memorial, the Johnstown Inclined Plane – the world’s steepest – and the Grandview Cemetery. The city’s rich industrial heritage and resilient spirit offer a unique living experience.
Indiana, PA
Indiana, Pennsylvania, offers a compact small-town charm with a population just above 13,000. Notwithstanding the median income of $30,934, the living expenses here are quite low with a two-bedroom rental asking price of $601. Indiana is home to the Jimmy Stewart Museum, dedicated to the legendary actor and native son. Access to education is easily available with the Indiana University of Pennsylvania in town. With many parks and recreational spots like Blue Spruce Park and Yellow Creek State Park nearby, Indiana provides a balanced and affordable living experience.
Pottsville, PA
Pottsville, with a population of over 13,000, boasts a remarkably reasonable median two-bedroom rent of $412. The city, with a median income of $39,154, offers a high quality yet economical lifestyle. Home to the historic Yuengling brewery, the oldest in America, Pottsville is rich in culture and history. Beautiful local parks like Rotary Park and JFK Memorial Pool and recreation areas offer ample opportunities for outdoor activities.
McKeesport, PA
In terms of affordability, McKeesport stands out, especially with a modest median home value of $51,200. Renters will find it good value for money with a median rent of $903 for a two-bedroom home. McKeesport’s population of 19,128 benefit from the city’s great location at the confluence of the Monongahela and Youghiogheny rivers. The city’s Renziehausen Park Rose Garden is a local treasure, and the Great Allegheny Passage trail offers a great opportunity for biking and hiking.
Butler, PA
Despite being the smallest city on the list with a population of 13,008, Butler packs in an impressive punch when it comes to affordability. With a median income of $32,746 and a median rent of $785 for a two-bedroom home, it makes for a great place to live for renters. Butler is known for its historic landmarks like the Butler County Courthouse and is just a short drive from Moraine State Park, offering lots of outdoor activity options.
Methodology
The cheapest cities in each state were ranked based on its median home price and median asking rents for studio, one-, two-, and three-bedroom units. Prior to ranking, inputs were normalized, and weights were applied using a 1.25:1 ratio of asking rents to home prices. Data on home prices are from the U.S. Census 2016-2020 American Community Survey 5-year estimates. Data on asking rents are from Rent. Cities without data for one- or two-bedroom asking rents or a population of less than 10,000 were removed from this ranking. Any other missing values were zeroed and did not impact the final score.
Today we’ll take a hard look at “HomeAmerican Mortgage,” yet another home builder affiliated mortgage lender.
They offer home purchase financing to Richmond American Homes customers, which is a top-10 home builder nationally.
Because they are operated by the same parent company, they can offer a streamlined process and home buying experience.
And perhaps more importantly, extend special financing offers like big mortgage rate buydowns.
Read on to see if you should use their in-house lender or look elsewhere for a better deal.
HomeAmerican Mortgage Fast Facts
The affiliated mortgage lender of Richmond American Homes
Offers home purchase financing on newly-built homes
Founded in 1983, headquartered in Denver, Colorado
Licensed to do business in 16 states and Washington D.C.
Funded $2.75B in home loans last year
Most active in Arizona, California, and Colorado
Also operate a title/escrow company and insurance agency
HomeAmerican Mortgage is a full-service, direct lender based out of Denver, Colorado.
They got their start way back in 1983 and are a subsidiary of MDC Holdings, Inc., which is a publicly-traded company (NYSE: MDC).
MDC also owns Richmond American Homes, which builds single-family residences in more than a dozen states throughout the country.
Simply put, HomeAmerican Mortgage exists to serve these home buyers, offering purchase loans only (no refinances).
This is similar to Lennar Mortgage and DHI Mortgage, which exist to serve Lennar and D.R. Horton home buyers, respectively.
They are currently licensed to do business in 16 states and D.C., including Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.
These are also the states where their new home communities are located.
At last glance, they have about 50 sponsored mortgage loan officers working at the company, per the NMLS.
And like many other builder-affiliated lenders, they also operate related subsidiaries to control the entire home buying process.
This includes a title and escrow company, American Home Title and Escrow Co., along with an insurance agency, American Home Insurance Agency, Inc.
Last year, HomeAmerican Mortgage funded about $2.75 billion in home loans, per HMDA data.
They are most active in their home state of Colorado and in California, with the two states accounting for nearly half of total loan production.
The company also does a lot of lending in Arizona, Florida, and Nevada.
How to Apply
To get started, you can visit a new home sales office at one of their communities or simply head to their website and click on “Apply.”
Before you apply, you may want to discuss pricing and loan options with a licensed loan officer.
Their digital mortgage application is powered by fintech company Blend. It allows you to complete the app from any device, whether it’s a computer, tablet, or smartphone.
And you can link financial accounts to save time, upload necessary documents, and eSign disclosures.
Once your loan is submitted, you’ll be asked to provide supporting documentation to generate a commitment letter, which may be subject to final underwriting approval.
You’ll be able to check loan status 24/7 and get in touch with your loan team if and when you have questions.
It’s also possible to generate a mortgage pre-approval letter via their online application, though if buying a new home via their parent company this may not be necessary.
Loan Programs Offered by HomeAmerican Mortgage
Home purchase loans
Conforming loans backed by Fannie/Freddie
FHA loans
VA loans
Homebuyer assistance
Fixed-rate and adjustable-rate options
As noted, HomeAmerican Mortgage is a purchase-only mortgage lender. So they’re entirely focused on getting home buyers into new homes.
There are no mortgage refinances offered, but they have a wide array of available loan programs to suit different preferences and needs.
You can get a conforming loan backed by Fannie Mae and Freddie Mac, or a jumbo loan if purchasing a more expensive property.
In addition, they offer both FHA loans and VA loans, though USDA loans appear to be absent from their lending menu.
Of course, their new homes may not be located in rural areas anyway, so this is moot.
They also mention the availability of bond loans and rural housing loans, which sounds like homebuyer assistance via state, city, and municipal housing agencies.
They offer both fixed-rate and adjustable-rate loans, including a 5/1 ARM on FHA loans, and a 7/6 ARM for conventional loans.
HomeAmerican Mortgage Rates
While they don’t list their daily mortgage rates online, they do say they offer competitive rates This is apparently because they don’t rely on brokers or a middleman.
Of course, the real reason they might be able to beat the competition is because home builders often offer huge incentives if you use their affiliated lender.
The Richmond Homes website typically features special financing offers if you get under contract and close your loan by a certain date.
At last glance, I saw rates as low as 4.875% on select adjustable-rate mortgages, and 5.75% for 30-year fixed rates.
These deals are often hard to beat because the builder can offer a large amount of closing cost assistance that can be toward a permanent interest rate buydown.
However, be sure to pay attention to all lender fees and the mortgage APR, which takes into account all (or most) of the loan costs.
And put in the time to gather other quotes from third-party lenders and independent mortgage brokers as well.
Aside from potentially finding a better deal, having other quotes can help you negotiate more effectively.
HomeAmerican Mortgage Reviews
While they appear to have the latest technology, a good selection of loan programs, and low mortgage rates, their reviews are a little less convincing.
They’ve got a poor 1.4/5-star rating from about 120 Google reviews, which obviously is questionable.
A similarly low score of 1.5/5 can be found at Yelp, though it’s from a smaller sample size of about 30 reviews.
Ultimately, they don’t have a ton of reviews online. So take the time to read through them to see what the issues were.
But they do hold an ‘A+’ rating with the Better Business Bureau (BBB) and have been an accredited business since 2009.
And there are only seven customer complaints over the past three years on the BBB website, with just one in the last 12 months.
To summarize, HomeAmerican Mortgage could be a good option if you’re buying a Richmond American Home because they offer below-market mortgage rates.
But it sounds like the service can sometimes experience some hiccups. Still, if you can stomach it, the savings might be worth it.
Just be sure to gather outside mortgage rate quotes as well to see what else is out there, and to give yourself leverage when negotiating.
HomeAmerican Mortgage Pros and Cons
The Good Stuff
Digital mortgage application powered by Blend
Can apply for a home loan online via their website
Special mortgage rate deals for Richmond American Homes customers
A+ BBB rating and few customer complaints
Mortgage checklist and glossary on their website
Affiliated title/escrow/insurance companies for one-stop shopping
Keep in mind that this method might not be feasible for everyone to follow, especially in places like New York City, San Francisco, and Boston where rent is extremely high. For example, the average monthly rent in New York City is $5,600, meaning you would need an annual salary of at least $224,000 to follow the 30% rule.
If you live in a high-cost city and find this rule unrealistic for your scenario, you may want to consider following a different budgeting technique.
2. 50/30/20 Rule
The 50/30/20 rule is a technique that divides your after-tax income into three categories—50% toward needs, 30% toward wants and 20% toward savings. This method isn’t as straightforward since rent is a part of the broader “need” category.
Let’s walk through a step-by-step example to determine your rent budget according to the 50/30/20 rule:
Step 1: Determine 50% of your monthly income: If your monthly take-home pay is $6,000, then allot $3,000 per month toward needs.
Step 2: Add up your other expenses in the “needs” category: Other expenses in the “needs” category include minimum payments on loans, groceries, health care, car payments, and utilities. In this example, let’s say each month you spend $500 on groceries, $100 on health insurance, $150 on utilities, $20 on credit card bills, and $500 on a car payment, which totals $1,270.
Step 3: Subtract the other “needs” expenses from the total “needs” budget to determine your monthly rent: To determine your rent budget, you would subtract $1,270 from $3,000, which equals $1,730.
If, after using this template, you find that your rent budget is lower than you’d prefer, you can lower your other “needs” expenses to allot more money toward your rent budget. For example, you could get a more modest vehicle, shop at a more affordable grocery store, or take steps to lower your utility bill.
3. 70/20/10 Rule
Similarly to the 50/30/20 rule, the 70/20/10 rule divides your post-tax income into three different categories. With this technique, 70% goes to spending, 20% to saving and investing and 10% to debt repayment and donations. With this rule, rent is a part of the “monthly spending” category.
Here’s how to calculate your monthly rent budget according to the 70/20/10 rule:
Step 1: Determine 70% of your monthly income. If your take-home pay is $6,000, allocate $4,200 to the “spending” category.
Step 2: Add up your other monthly spending expenses: Let’s estimate that you have the same “needs” expenses as the example above, which total $1,270. Your monthly “wants” budget includes $250 on eating out, $200 on clothing shopping, $85 on a gym membership, $200 on entertainment, and $300 on travel. Your total monthly spending would equal $2,305.
Step 3: Subtract your monthly spending expenses from the 70% spending budget to determine your monthly rent budget: To determine your budget, you would subtract $2,305 from $4,200, which equals $1,895.
With this rule, you may have more wiggle room to increase your rent budget by cutting down spending on your wants. For example, you could reduce the frequency of eating out or spend less money on clothes to grow your rent budget.
Other Factors to Consider
Remember that there isn’t a one-size-fits-all approach to how much to spend on rent. When deciding between different rental options, consider how the following factors may add additional costs or offer savings opportunities:
Location: Consider the distance to places you frequent and how that might affect costs. For example, you might find that rent is $100 less further out of the city. However, if you drive to the city for work every day, gas money might eat at your cost savings. Not to mention the additional time it adds to your commute.
Amenities: Consider what amenities the apartment offers that could save you money on other parts of your budget. For example, an on-site gym could save you approximately $75 monthly on a separate gym membership.
Remote work: If you work from home, you might put your transportation cost savings toward your rent budget to allow additional space for a home office.
Utilities: Some landlords include utilities in the rent price, while others don’t. Since the average electric bill is $137, it’s important to take this factor into account.
Internet and cable: Consider whether your rent includes internet and cable. Some complexes may require you to purchase an internet and cable package.
How to Save Money on Rent
Due to rising rent costs across the U.S., staying within your rental budget can be a challenging task. Consider the following tips to save money on rent:
Get a roommate: As of February 2023, the average monthly rent for a one-bedroom apartment in the U.S. is $1,152, while the average rent for a two-bedroom apartment is $1,320, which means getting a roommate can save you $492 a month.
Sign your lease in the winter: Studies have shown that December through March are the cheapest months to sign a lease due to decreased demand during the winter season.
Negotiate with your landlord: If you’ve been a reliable tenant or have a strong rental application, you may be able to negotiate your rent. Keep in mind that you’ll likely have more luck negotiating with an independent landlord than a property management company.
Offer to pay upfront: If you have enough savings, offer to pay a few months to a year of rent up front in exchange for a discount.
Opt for a long-term lease: Many landlords prefer long-term tenants and will offer lower rates if you sign a longer lease.
Move to a cheaper area: Generally, rent is more expensive in cities compared to rural or suburban areas. However, If you want to live in an urban area, consider opting for a smaller, more affordable city like Tulsa, OK, rather than a large city like New York, NY.
Budgeting techniques like the 30% rule, the 50/30/20 rule, or the 70/20/10 rule can provide you with a guideline of how much of your income to spend on rent. Additionally, looking for ways to save on rent can help you reach your other financial goals.
Now that you’ve determined your rent budget, credit score is another factor to consider when apartment searching. Landlords and property managers will likely perform a credit check to help determine your ability to pay rent. Generally, your credit score should be in the “good” range (670 or above) to improve the odds of your applications getting approved. While you can get an apartment with bad credit, you might have to jump through additional hoops.
Unsure what your credit score is? Check your credit score for free today to make sure you’re ready to sign a lease.
New Jersey, also known as the Garden State, boasts both urban and rural living, top-rated schools, and proximity to major cities like New York and Philadelphia. However, living in this Mid-Atlantic state can be expensive, especially for renters. Following our thorough research, we have established a list of the most affordable cities to live in for renters in New Jersey. According to our unique scoring system, the cities that made the cut are Camden, Vineland, Millville, Bellmawr, and Lindenwold. Each city was evaluated based on population size, median income, median home value, and the typical rent for a 2-bedroom apartment.
Camden, NJ
Camden, located on the east side of the Delaware River across Philadelphia, is the largest city in Camden County. With a population of 73,742 and a median income of $28,623, Camden offers affordable living with a median home value of $82,500. The city is known for attractions such as the Adventure Aquarium and the Camden Waterfront, making it an enjoyable place to live. The asking rent for a 2-bedroom apartment in Camden is approximately $1,117, well below average for the state.
Vineland, NJ
Vineland, situated in the southern part of the state, is home to approximately 59,405 residents. With a median income of $55,740 and a median home value of $170,300, Vineland offers a balanced cost of living. This city is especially known for its outdoor attractions, with notable places like the Vineland Nature Reserve and the Parvin State Park. The typical asking rent for a 2-bedroom apartment is $1,200.
Millville, NJ
Millville, with its population of 27,485, is a city offering a more rural living experience. Its residents have a median income of $63,182, and the median home value is $165,900. Millville boasts the artsy district Glasstown and the beautiful Wheaton Arts and Cultural Center. Rental prices for a 2-bedroom apartment in Millville typically fall around $1,225.
Bellmawr, NJ
The borough of Bellmawr is home to 11,375 residents and sits in Camden County. It has a median income of $60,041 and the median home value stands at $169,400. Bellmawr Park and Big Timber Creek, and its close proximity to Philadelphia make it a charming place to live. Renting a 2-bedroom apartment in Bellmawr would typically cost about $1,400.
Lindenwold, NJ
Located in Camden County, Lindenwold is home to 17,288 residents. The city offers attractive economic conditions with a median income of $46,077 and a median home value of $124,800. Lindenwold is known for its parks, such as the Lion’s Den Park and the Lindenwold Memorial Park which provides a peaceful atmosphere. The rent for a 2-bedroom apartment in Lindenwold falls around $1,499.
Methodology
The cheapest cities in each state were ranked based on its median home price and median asking rents for studio, one-, two-, and three-bedroom units. Prior to ranking, inputs were normalized, and weights were applied using a 1.25:1 ratio of asking rents to home prices. Data on home prices are from the U.S. Census 2016-2020 American Community Survey 5-year estimates. Data on asking rents are from Rent. Cities without data for one- or two-bedroom asking rents or a population of less than 10,000 were removed from this ranking. Any other missing values were zeroed and did not impact the final score.
If there’s one thing that defines Texas, it’s that ‘everything is bigger’ here. From big hair to big oil to sprawling ranches, the old saying may be overused but hasn’t yet been proven wrong.
And this estate is no exception.
Spanning 11.5 acres in a gated pastoral setting, Paradise Point Estate features a 2,769-square-foot main residence, a standalone shipping container guest house, an art studio, AND a massive barn that can host events — plus a long roster of outdoor and indoor amenities.
All this is in the (tranquil) heart of Bastrop County, Texas — well-known for its harmonious blend of rural charm and thoughtful urban development.
The location also places Paradise Point within a 25-minute drive to downtown Austin and Austin-Bergstrom International Airport.
See also: See inside Jensen Ackles’ house in Austin, a dreamy lake-side retreat
The main residence has 3 bedrooms and 2 bathrooms, all adorned with luxury finishes and highlighting architectural details reminiscent of the 18th century — evoking earthy, old-world charm.
The interiors, washed in an all-white tone with vaulted ceilings, vintage tiles, and warm wood accents, provide a perfect backdrop for eclectic decors that incorporate pieces from different periods and styles.
This includes carefully handpicked antique chandeliers and gold mirrors throughout the communal living spaces.
As Texas as it gets, this modern rustic estate offers vast, unrestricted land in the Lone Star State and comes with an art studio and a long list of recreational amenities.
The grounds include a meditation pavilion, a shooting range, a fire pit, a swimming pool, an RV hookup, raised organic garden beds, a butterfly garden, and a wet-weather creek.
The expansive compound also includes a dog run, a multi-room chicken coop, and a goat hangout, making it the perfect fit for animal lovers.
The guest quarters are just as impressive, consisting of 2 bedrooms and 1 bathroom artfully designed around a shipping container that opens up to a well-stocked stock pond and a dock surrounded by towering oak trees.
And if you’re lucky enough to have the future homeowners invite you for a stay, hop on the paddle boat to enjoy uninterrupted country views — there’s plenty to see around.
But what truly steals the show is the massive 1,750-square-foot barn.
This versatile barndominium is fully equipped with a commercial kitchen and can be used for gatherings and events.
Simply put, Paradise Point estate captures the essence of rustic charm and contemporary allure — exemplifying barn living at its finest.
Adding to the appeal, Bastrop County is fast becoming a mecca for tech innovators with the likes of Tesla, Samsung, and SpaceX setting up shop here. This area is also highly sought after by film production companies and creative talent.
The combination of unspoiled countryside and the modern conveniences of nearby urban amenities suggests that investments in the area are likely to be lucrative.
With the vast amount of unrestricted land and endless possibilities for new development, the 11.5-acre property is now on the market for $2,495,000. Monica Fabbio and Jackie Smith with Compass hold the listing.
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